Answer / libin kulamuttom

Capital is a liability.As loss
reduses owner's capital
we can either deduct the loss
from the capital a/c in
liability side or post it on the
asset side of a balace sheet.
Both have same effect.

Answer / megha gera

because all losses is adjust from our assets

what is journal entry for the credit sales and purchases

5 Answers   Accenture,

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Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

0 Answers  

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How can pass the entry stock goods loss by fire or theft

3 Answers   Accenture,

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we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pass journal entry

4 Answers   ABC, Express,

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if u r work in showroom as a accountant. one day owner's friend is come into his showroom and he want to buy a 1 track-shoot but he confused and he take 3 track- shoot with us and reply he only pur. 1 track-shoot & 2 track-shoot return after 3 days. so now what is entry passe in account.?

1 Answers  

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Goods costing Rs.40000 was lost by fire but 3/4th of the claim was accepted by the insurance company

1 Answers  

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MEANING OF RED HERRITING

0 Answers  

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Recent banking question for 2015 interview for scale2 exam of sbm

0 Answers   IBM, State Bank of Mysore SBM,

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Tell us did you use accounting applications at your previous companies or prefer working manually?

0 Answers  

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what is the method deposit of wct in Delhi

0 Answers  

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Bank account comes under Real or Personal ?

1 Answers  

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when we use credit card, then what will do entries in tally erp as a accountant and second question that if he do entry then what will thay keep under the ledger of credit card.

1 Answers   State Bank of Mysore SBM,

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